Is AAPL Poised for a Strong December Rally?

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 1, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Let's notice that Apple Inc. (AAPL) has been levitating and consolidating above its 200-Day EMA (116.79) for the past 6 trading sessions, which so far represents a bullish digestion period atop the most recent upleg (111.00- 119.92). A sustained climb above 119.92 should trigger upside continuation that challenges and hurdles the July-Nov resistance line, now at 121.70. Only a failure to climb above 119.92, followed by a breach of 116.70, will compromise the currently promising set-up.

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